Item Coversheet

Agenda Item - 2.a.


City of Garden Grove


INTER-DEPARTMENT MEMORANDUM

To:Scott C. Stiles

From:Omar Sandoval
Dept.:General Manager 

Dept.: General Counsel 
Subject:

Adoption of a Resolution approving the Second Amendment to the Public Financing Authority Joint Powers Agreement. (Action Item)

Date:11/10/2020

OBJECTIVE

For the Board of Directors to adopt the attached resolution amending the Public Financing Authority joint powers agreement to clarify the membership of the Board and remove the Successor Agency as a member.
BACKGROUND

The Garden Grove Public Financing Authority was established June 22, 1993 between the City of Garden Grove and the Garden Grove Agency for Community Development (former RDA). In 2006, the joint powers agreement was amended to add the Garden Grove Sanitary District. Initially, the agreement stipulated that the number of board members is equal the number of elected City Council Members, which at the time were five. The members of the City Council serve as the Board of Directors of the Authority. With the increased number of City Council Members due to the transition to district elections in 2016, the number of Board members was recently recognized by the PFA to be seven.
DISCUSSION

The attached Resolution approves a second amendment to the joint powers agreement to clarify that the Board of Directors of the Garden Grove Public Financing Authority is equal to the members of the City Council. Furthermore, because the Successor Agency is in the process of dissolving the former RDA, the amendment removes the Successor Agency as a member of the joint powers agreement.
FINANCIAL IMPACT

None.
RECOMMENDATION

It is recommended that the Board:

 

  • Adopt the attached Resolution approving the Second Amendment to the Public Financing Authority joint powers agreement.



ATTACHMENTS:
DescriptionUpload DateTypeFile Name
Resolution11/3/2020Resolution11-10-20_Sanitary_District_Resolution_Garden_Grove_PFA_Amendment_4852-8627-1184_1_Rev.pdf
Attachment A - Second Amendment11/3/2020AgreementAmendment_No._2_to_JPA_Agreement_Garden_Grove_Public_Financing_Authority_4843-4281-4416_1_Rev.docx